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US renters rise as kids finally leave the nest

Published Sun, Feb 1, 2015 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Los Angeles

PARENTS who've been waiting for their grown children to move out may finally be in luck.

The number of renter-occupied residences grew by 2 million last year, according to a report last Thursday from the US Census Bureau in Washington. Vacancy rates for rentals fell to 7 per cent in the fourth quarter, the lowest since 1993, the data shows.

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